Market Forecast By Service Type (Electrical Testing Equipment Calibration Services, Electrical Testing Equipment Repair Services or After Sales Services), By Product Type (General Purpose Electrical Testing Equipment, Mechanical Electrical Test Equipment), By End User (Aerospace and Defense, Telecommunications, Semiconductor and Electronics) And Competitive Landscape
|Product Code: ETC432768
|Publication Date: Dec 2022
|Product Type: Market Research Report
|No. of Pages: 75
|No. of Figures: 35
|No. of Tables: 20
The Egypt Electrical Testing Equipment Market is one of the evolving sectors and is projected to grow at a rapid pace in the near future. This sector is estimated to driven by the rising demand for electrical testing equipment from various end user sectors like aerospace, defense, construction and automotive.
According to 6Wresearch, the Egypt Electrical Testing Equipment Market size is expected to grow during 2023-2029. This sector has been evolving in the country in the most efficient manner and it will obtain more growth during the forecast period since the consumer sectors of this market are continuously growing in the country; thus, the future of this market looks bright. The market has been propelling at a faster pace. The Egypt Electrical Testing Equipment Market share is growing since the demand for these products is continuously increasing from many end user markets like aerospace, defense, construction and automotive. The growing demand for renewable energy projects in the country is also projected to stimulate the evolvement of these products, since they are highly used in renewable energy projects.
The requirement for safety standards and better quality control in the electrical sector is driving the demand for these products in the nation. The government initiatives in order to promote renewable energy sources use is also driving this sector in the nation. There are different kinds of electrical testing equipment available in the market which include hipots, insulation meters, clamp meters, multimeters, power quality meters, etc. The insulation testers are likely to grow more in the future since there demand have been rising more and more. The one key factor which is likely to challenge the sector growth is the high price of electrical testing equipment in the country.
The industry players in the country have been working hard to provide better quality to their consumer industries. The efforts from the market players will support the market to grow more over the forecast period. The industry players have adopted several strategies like partnership, product launches, mergers & acquisitions, collaborations etc, in order to obtain strong presence in the sector.
The major consumer industries of the Egypt Electrical Testing Equipment Market such as aerospace, automotive, defense, construction etc, were facing numerous growth-related challenges when pandemic hit the country. The demand for electrical testing equipment reduced from these markets which led to a huge disruption in the growth of this sector in the country. There were many restrictions on manufacturing as well as supply chain owing to the lockdown imposed on this industry in the country. The industry in Egypt is now started propelling again.
On the basis of type of services, the Electrical Testing Equipment Market in Egypt is fragmented into Electrical Testing Equipment Calibration Services, Electrical Testing Equipment Repair Services Or After Sales Services. In the market, the Electrical Testing Equipment Repair Services Or After Sales Services segment is evolving. This segment will dominate the sector in the near future. This service type is obtaining more popularity in the sector and it will support the sector to gain more share.
On the basis of type of products, the Egypt Electrical Testing Equipment Industry is fragmented into General Purpose Electrical Testing Equipment, and Mechanical Electrical Test Equipment. In the sector, all these segments will evolve in the market.
On the basis of end user, the sector in the country is fragmented into Aerospace And Defense, Telecommunications, Semiconductor And Electronics. All these end users are estimated to dominate the sector.
The report offers a comprehensive study of the subsequent market segments: